Custodian & Allied’s shareholders to get more dividends

SHAREHOLDERS of Custodian and Allied Insurance Plc, are to get a final dividend of 18 kobo per share after an interim dividend payment of seven kobo per share in September last year.

Accordingly, shareholders will receive a total dividend payment of 25 kobo per share for the financial year ended December 2016.

Speak to shareholders at the 22nd Yearly General Meeting in Lagos Chairperson of the company, Omobola Johnson, said that all significant performance metrics for the year under review were better than prior year’s as year over year growths of 30 per cent, 29 per cent and 33 per cent were recorded in gross revenue, profit before tax and total comprehensive income respectively. She said, “In absolute terms, the total comprehensive income attributable to shareholders was N5.2 billion, that is, N1.3 billion better than prior year, while net shareholders’ value, after adjusting for dividends paid, increased by N3.9 billion.”

She said that the management continues to deploy the group’s assets professionally, prudently and profitably within the dictates of the evolving local and world economies to ensure the safety of its insurance/investment clients funds and not to erode shareholders’ value.

“The group’s cash and financial assets holding is a testament to its financial stability to meet obligations as at when due and nimbleness to seize market opportunities as they arise,” Johnson stated.